Herbalife (HLF) Jumps Ahead of Tonight's Report; Rumors of Large Buyback Drives Action
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Herbalife (HLF) Won't File 10-Q for Q213 on Time Due to Auditor Shift
July 29, 2013 4:35 PM EDTHerbalife Ltd. (NYSE: HLF) was unable, without unreasonable effort or expense, to file a complete Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2013 (the Second Quarter 10-Q) with the Securities and Exchange Commission (the SEC) because of previously disclosed events. Specifically, as previously disclosed on April 8, 2013, KPMG LLP (KPMG) notified the Company that KPMG resigned, effective immediately, as the Companys independent accountant. KPMG stated it had concluded it was no longer independent because of the then-alleged insider trading in the Companys securities by one of KPMGs former partners who, until April 5, 2013,... More
